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Investment in Fixed Deposit

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(Querist)
13 March 2008 is investment in fixed deposit is eligible for deduction u/s 80 C in income tax or any other section.
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Jitender Garg

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Jitender Garg (Expert)
13 March 2008 Amount deposited in a fixed deposit for 5 years or more with a scheduled bank in accordance with scheme framed by Central govt. (in multiples of Rs.100) eligible u/s 80C
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CA Praveen Chopra

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CA Praveen Chopra (Expert)
13 March 2008 Mr.Jitendra is absolutely is correct



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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
13 March 2008 80C
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CA Pattanayak

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CA Pattanayak (Expert)
15 March 2008 Only specified investments in FD which is in a lock in period of 5years and approved can be considered for relief U/S 80C.

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